A lawyer filing suit over a fatal Amtrak crash near Philadelphia blamed a “colossal miscommunication” for the deaths of two rail workers killed when a train traveling 106 mph struck a backhoe on the same track. Lawyers filed a negligence …
When a directors and officers (D&O) claim is declined, it can be catastrophic for an insured, forcing the company to deal with “the financial costs of a claim or loss entirely on its own,” according to a report published by …
A new study by the Workers Compensation Research Institute (WCRI) found “noticeable decreases” in the amount of opioids prescribed per workers’ compensation claim in a majority of 25 states studied. The WCRI study, Interstate Variations in Use of Opioids, 3rd …
Oklahoma’s top insurance regulator has determined that there’s a definite lack of competition in the earthquake insurance market in Oklahoma and ordered insurers to change the way they file rates for the coverage in the state. Commissioner John D. Doak’s …
The Florida Supreme Court has delivered another blow to Florida’s workers’ compensation system with a ruling today that the state’s statutory 104-week cap on temporary disability benefits is unconstitutional. The Florida Supreme Court ruled 5-2 in favor of the of …
Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires, floods, and storms, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. An historic wildfire caused catastrophic damage in …
Major insurers American International Group Inc. and Prudential Financial Inc. would be required to hold enough capital to head off risks to the U.S. financial system as part of a regulatory shakeup of the insurance industry proposed by the Federal …
Researchers are moving ahead with efforts to develop a diagnostic test for chronic traumatic encephalopathy – even without the NFL’s help. Some of the nation’s top brain scientists gathered Wednesday at the Boston University School of Medicine for the start …
Amazon.com scored its sixth annual victory in the 24/7 Wall Street Customer Service Hall of Fame last year, with 59 percent of customers reporting that they received excellent customer service from the ecommerce giant. That score surpassed the number two company …
A now-fired Iowa State Patrol supervisor rear-ended another car in March but his agency didn’t give him a ticket and its investigation instead blamed the lead driver, records show. Legal experts say drivers of rear cars involved in collisions are …